Sabien welcomes EU call for more investment in energy efficiency
Sabien Technology welcomes EU call for more investment in energy efficiency and green technologies – retrofit solution to reduce public buildings’ emissions by 3 per cent ‘very achievable’
- EU Commission renews call for transition to a low carbon economy
- ‘Retrofit will be key’ to achieve proposals to achieve efficiency target
- Green businesses will suffer from the removal of CRC initiative
Sabien Technology Group plc, the manufacturer and supplier of M2G, an energy efficiency technology, has welcomed the EU Commission’s call for more investment in green technologies to help facilitate the creation of a low carbon economy.*
The Commission insists EU nations must invest more in energy efficiency and green technologies in order to retain economic advantages.
One of the keys to reducing the emissions is a large scale ‘retrofit’ operation, involving the refurbishment of “at least 3% of publicly-owned building stock each year” between now and 2050, said the Commission.
It has also called for the establishment of efficiency standards for public building stock, and a roll-out of smart meters.
“This would seem to be an eminently achievable strategy,” said Sabien Technology CEO Alan O’ Brien.
“Put simply, the EU has set long term targets for reductions, with 2050 being the ultimate date for an 80-90 per cent reduction on today’s CO2 levels.
“It is reasonable to assume that the majority of existing public buildings will be with us for many decades to come – so a call for an overhaul of dated energy systems within these buildings is a good and affordable start and a sure way of reducing emissions,” he said.
“Sabien Technology is at the forefront of emissions-reducing technology, and we have seen significant successes in commissions to install our technology in UK public services’ buildings.
“By going green and future proofing buildings, the savings can also offset a higher initial outlay and result in low, or even negative, carbon reduction costs,” he said.
“And let’s not forget that tenants are attracted to green buildings as they see sustainability as an important product differentiator in the marketplace.
“In the long term, buildings which perform poorly in terms of sustainability and energy efficiency will become less attractive to occupiers as the Government introduces penalties to encourage energy efficiency and increased sustainability,” O’Brien added.
There is growing evidence that sustainable buildings make good business sense. As well as commanding higher rental incomes, other benefits include higher demand from institutional investors and lower maintenance and operating costs.
This announcement comes as the government considers the potential scrapping the CRC (The Carbon Reduction Commitment Energy Efficiency Scheme), or dramatically revising the money used for the scheme.
The CRC was intended to encourage reduction of carbon emissions in companies, rewarding those that show a reduced carbon output.